The production value of dyes and pigments in France saw fluctuating trends between 2013 and 2023. After peaking in 2014, the industry experienced a significant decline, reaching its lowest point in 2018. A substantial recovery in 2020 brought the figures almost back to 2015 levels, but this was followed by another downturn, placing the production value at approximately 645.4 million euros in 2023, which is another decline from the previous year. Over the last two years, there was a consistent decline of around 1.6% annually, with a CAGR of 7.78% for the last five years.
Future trends to watch for:
- Potential impacts of environmental regulations on production processes and costs.
- Technological advancements in dye and pigment production improving efficiency and product range.
- Evolving customer preferences towards sustainable and eco-friendly dyes and pigments.
- Shifts in global supply chain dynamics affecting raw material availability and pricing.